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Friday, November 27, 2020

Is the Rough Ride Over for F5 Networks Inc. (FFIV)

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F5 Networks Inc. (FFIV) shares are trading at higher $160.20 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $165.63.

To add more color to this target, the company’s high over the last year is $166.67 and the low is $79.78. Over the last 52 weeks, FFIV is up 11.59% while the S&P 500 is up 15.13%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, FFIV reported a profit of $477.21 million. F5 Networks Inc. also saw revenues increase to $583.25 million. In addition, FFIV has free cash flow of $437.14 million as of 06-2020. The company’s EBITDA came in at $113.85 million which compares well with its peers.

FFIV booked profit margins of 14.50%, its Return on Equity (ROE) is 17.40%, and its Return on Assets is 8.40%. All told, it is clear that, FFIV needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FFIV has a short ratio of 5.59 and outstanding shares of 60.98M.

Company Outlook

FFIV has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.96 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.02. F5 Networks Inc. FFIV also noted assets of $4.57 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FFIV has historically followed its peers on positive news.

All told, F5 Networks Inc. FFIV has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FFIV represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

F5 Networks Inc. FFIV is now commanding a market cap of 9.66B and a float of 57.66M. FFIV is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FFIV stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in FFIV, either long or short, and we have not been compensated for this article.

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